Forum, which operated three hospitals, sold the majority of its assets to Community Health Systems last summer for $120 million.
Forum filed for Chapter 11 in March 2009. The health system lost a reported $100 million from operations in the four years before it filed for bankruptcy, according to the report.
Read the Bloomberg report on Forum Health.
Related Articles on Forum Health:
Forum Health Cannot Use Donations to Pay Unsecured Creditors
CHS Completes Acquisition of Ohio’s Forum Health
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.